Texas Business Organizations Code

§ 252.005 — STATEMENT OF AUTHORITY AS TO REAL PROPERTY

BO § 252.005Title 6. ASSOCIATIONS · Ch. 252. UNINCORPORATED NONPROFIT ASSOCIATIONS

Statute text

(a)A nonprofit association may execute and record a statement of authority to transfer an estate or interest in real property in the name of the nonprofit association.

(b)An estate or interest in real property in the name of a nonprofit association may be transferred by a person so authorized in a statement of authority recorded in the county clerk's office in the county in which a transfer of the property would be recorded.

(c)A statement of authority must contain:

(1)the name of the nonprofit association;

(2)the address in this state, including the street address, if any, of the nonprofit association, or, if the nonprofit association does not have an address in this state, its address out of state; and

(3)the name or title of a person authorized to transfer an estate or interest in real property held in the name of the nonprofit association.

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Legislative history

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.